Genesis Worldwide Inc. announces commissioning

Genesis Worldwide Inc. announces commissioning of new production facility in
Sonoma County California and sale of its new MOT industrial technology
platform

    MISSISSAUGA, ON, Aug. 9 /CNW/ - Genesis Worldwide Inc. ("Genesis" or the
"Company"), (TSX/AIM: GWI), a leading provider of "green" structural building
technology using light steel, announces the commissioning of the new
production facility of its licensee, Codding SFS (Structural Frame Solutions)
("Codding SFS"), at Sonoma Mountain Village, an environmentally-conscious
redevelopment in Northern California. Codding SFS is the first Genesis
licensee to fully deploy Genesis' proprietary Coil-To-Panel ("CTP") technology
platform.
    Using the Genesis Solution, a turn-key solution which includes leading
edge software, industrial equipment, hardware, processes and engineering
services, the Codding SFS plant will implement some of the highest principles
of environmental sustainability and "green" building.
    An integral part of the Genesis Solution is the CTP industrial technology
platform. CTP technology is a fully automated system which has two
sub-categories. The first is the C4 Custom Panel Fabrication Line ("C4"),
which is part of Genesis' basic technology package. C4 is a light steel frame
panel assembly line designed to maximize production and maintain quality
control. The second sub-category is the Material Optimization Technology
("MOT"), which is a completely integrated software-driven profile extrusion
system.
    The C4 assembly line at the Codding SFS plant has been completed and will
begin production by the end of August. The MOT portion of the CTP line will be
implemented in the first quarter of 2008.
    Codding SFS is part of California-based real estate developer, Codding
Enterprises. Codding Enterprises is redeveloping the former Agilent
Technologies campus in Rohnert Park, California, now known as Sonoma Mountain
Village, an environmentally conscious and sustainable mixed-use development
community. The recently commissioned light steel structure facility will
produce panels to be used in the reconstruction and renovation of the existing
buildings on the old Agilent site, as well as in the construction of new
residences and commercial buildings up to six storeys in height.
    Genesis CEO, Vince Mifsud, sees this type of venture as an opportunity
for Genesis to continue to establish itself as an environmental and technology
solutions leader within the building industry. "The Sonoma Mountain Village
project is a significant milestone for Genesis. This project is an example of
the growing interest that developers are demonstrating in conservation by
utilizing environmentally sustainable products and processes of the highest
quality," stated Mr. Mifsud.
    Codding President and CEO, Brad Baker, believes the CTP line will enable
Codding SFS to have more control over their supply line as well as
significantly lower costs in production. "We are very excited about using
Genesis' technology and products. We have had tremendous market response about
our new initiative with Genesis and we are anxious to get started," remarked
Mr. Baker.
    Codding's venture into adaptive re-use of existing buildings and Genesis'
"green" structural building technology should prove to be a partnership that
leads the way in bringing about environmentally friendly changes to building
processes.

    About Genesis Worldwide Inc.

    Genesis develops and licenses structural building technology aimed at the
residential, commercial and institutional building markets. Genesis offers
licensees a turn-key solution enabling them to custom design, manufacture and
install complete light steel building structures. The Genesis Solution
encompasses engineered processes and materials that are environmentally
sustainable or "green". Genesis is headquartered in Mississauga, Ontario,
Canada and currently has seven licensees worldwide. For additional information
about the Company, visit www.genesisworldwide.com.

    Forward-Looking Information

    Certain statements contained in this press release constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to the Company's future outlook and
anticipated events or results and, in some cases, can be identified by
terminology such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "intend", "estimate", "predict", "potential", "continue" or other
similar expressions concerning matters that are not historical facts. These
statements are based on certain factors and assumptions including expected
growth, results of operations, performance and business prospects and
opportunities. While the Company considers these assumptions to be reasonable
based on information currently available to us, they may prove to be
incorrect. Forward-looking information is also subject to certain factors,
including risks and uncertainties that could cause actual results to differ
materially from what we currently expect. These factors include changes in
market and competition, governmental or regulatory developments and general
economic conditions. Additional information identifying risks and
uncertainties relating to the Company, its business and prospects are
contained in Genesis' prospectus filed with the Canadian securities regulatory
authorities, available at www.sedar.com.

For further information: Genesis Worldwide Inc., Catherine Smyth, Manager,
Investor Relations, Tel: [phone], ext. 302; or Canaccord Adams, Robert
Finlay/Erin Needra, Tel: [phone]
(GWI. GWI)


 


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